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Consolidated Balance Sheets - USD ($)
$ in Millions
Aug. 01, 2020
Feb. 01, 2020
Aug. 03, 2019
Current Assets:      
Cash and Cash Equivalents $ 2,611 $ 1,499 $ 853
Accounts Receivable, Net 268 306 283
Inventories 1,476 1,287 1,329
Other 150 153 188
Total Current Assets 4,505 3,245 2,653
Property and Equipment, Net 2,292 2,486 2,756
Operating Lease Assets 2,635 3,053 3,209
Goodwill 628 628 1,348
Trade Names 411 411 411
Deferred Income Taxes 74 84 62
Other Assets 335 218 179
Total Assets 10,880 10,125 10,618
Current Liabilities:      
Accounts Payable 957 647 763
Accrued Expenses and Other 1,340 1,052 919
Current Debt 460 61 75
Current Operating Lease Liabilities 624 478 456
Income Taxes 52 134 3
Total Current Liabilities 3,433 2,372 2,216
Deferred Income Taxes 191 219 241
Long-term Debt 6,269 5,487 5,475
Long-term Operating Lease Liabilities 2,698 3,052 3,165
Other Long-term Liabilities 193 490 450
Shareholders’ Equity (Deficit):      
Preferred Stock - $1.00 par value; 10 shares authorized; none issued 0 0 0
Common Stock - $0.50 par value; 1,000 shares authorized; 286, 285 and 284 shares issued; 278, 277 and 276 shares outstanding, respectively 143 142 142
Paid-in Capital 869 847 806
Accumulated Other Comprehensive Income 49 52 49
Retained Earnings (Deficit) (2,611) (2,182) (1,572)
Less: Treasury Stock, at Average Cost; 8, 8 and 8 shares, respectively (358) (358) (358)
Total L Brands, Inc. Shareholders’ Equity (Deficit) (1,908) (1,499) (933)
Noncontrolling Interest 4 4 4
Total Equity (Accumulated Deficit) (1,904) (1,495) (929)
Total Liabilities and Equity (Deficit) $ 10,880 $ 10,125 $ 10,618